ESM promises rapid disbursement of last bailout loan money to Athens once ‘national procedures’ completed

13 July 2018
779 Views

Bloomberg on Thursday assessed that the “glitch” in disbursing the last 15-billion-euro loan tranche to Greece, held up due to Berlin’s annoyance over a measure freezing lower VAT rates on a handful of Greek islands, adds to “signs that that Prime Minister Alexis Tsipras has his work cut out to regain the trust of his euro-area creditors as he leads the country out of its bailout program next month.”

The assessment came a day before the ESM’s board, as expected, approved of the 15-billion-euro tranche – the last of the third bailout – in principle, and under the condition that “national procedures” will be completed. The latter was a reference to the German government’s objection this week.

The ESM, in fact, promised that the last memorandum loan money will be disbursed very quickly, once all EZ countries are on board.

You may be interested

ELSTAT revises surplus down – Deficit at 9.7% in 2020
GREECE
shares10 views
GREECE
shares10 views

ELSTAT revises surplus down – Deficit at 9.7% in 2020

Panos - Apr 23, 2021

Despite the unprecedented global recession, the General Government deficit in 2020 was kept in the single digits. According to the…

Visit the Greek island in the 100 most impressive list in the world (video)
TRAVEL
shares12 views
TRAVEL
shares12 views

Visit the Greek island in the 100 most impressive list in the world (video)

Panos - Apr 23, 2021

Ios was recently included in the list of the most impressive islands in the world on the news site Insider.com.…

Daily Mail files anti-trust lawsuit against Google
WORLD
shares20 views
WORLD
shares20 views

Daily Mail files anti-trust lawsuit against Google

Panos - Apr 23, 2021

MailOnline/DailyMail.com is suing Google for alleged anti-competitive behavior over the search giant’s ability to exploit its dominance in the ad tech industry…

Leave a Comment

Your email address will not be published.